PRO-PAC Packaging (ASX:PPG) LT-Debt-to-Total-Asset : 0.09 (As of Dec. 2023)

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What is PRO-PAC Packaging LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. PRO-PAC Packaging's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.09.

PRO-PAC Packaging's long-term debt to total assets ratio declined from Dec. 2022 (0.11) to Dec. 2023 (0.09). It may suggest that PRO-PAC Packaging is progressively becoming less dependent on debt to grow their business.

PRO-PAC Packaging LT-Debt-to-Total-Asset Historical Data

The historical data trend for PRO-PAC Packaging's LT-Debt-to-Total-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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PRO-PAC Packaging LT-Debt-to-Total-Asset Chart

PRO-PAC Packaging Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

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0.28

0.30

0.28

0.19

0.11

PRO-PAC Packaging Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.29	0.19	0.11	0.11	0.09

PRO-PAC Packaging LT-Debt-to-Total-Asset Calculation

PRO-PAC Packaging's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (A: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2023 )	/	Total Assets (A: Jun. 2023 )
	=	28.01	/	267.212
	=	0.10

PRO-PAC Packaging's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	23.882	/	254.991
	=	0.09

PRO-PAC Packaging (ASX:PPG) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

PRO-PAC Packaging LT-Debt-to-Total-Asset Related Terms

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PRO-PAC Packaging (ASX:PPG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » PRO-PAC Packaging Ltd (ASX:PPG) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

83-85 Banbury Road, Reservoir, Melbourne, VIC, AUS, 3073

Website

https://www.ppgaust.com.au

PRO-PAC Packaging Ltd is engaged in the manufacture and distribution of flexible, industrial, and rigid packaging products. The company's operating segment includes Flexibles; Distribution and Unallocated. It generates maximum revenue from the Flexibles segment. The Flexibles packaging segment manufactures flexible packaging materials incorporating products such as stretch and shrink wrap, agricultural silage packaging, fresh produce bags, barrier and lidding films, and industrial protective films. Geographically, it derives a majority of its revenue from Australia and also has a presence in New Zealand.